US Payroll figures?

Airthrey Capital

Well-known member
370 18
When is the Bof E going to realise that raising interest rates will have little impact on the rising housing market?....Most mortages are at fixed rates!.....Demand still outstrips supply.


Perhaps a 50% tax on all those buy to let people who own a dozen properties?

Now there's a thought.........
 

Rainmaker

Active member
201 3
the housing market, as ever, will carry on rising until everyone on the planet thinks they can never fall, then they will fall in real terms for a generation. look at japan, and all the talk of a "new paradigm" in the late 80's. Prices have fallen every year for 13 years and no-one wants to buy. in parts of tokyo, prices are down 90% in what was the strongest economy in the world. even zero interest rates have had no positive impact.

meanwhile blair and brown want to sustain a fool's recovery until the next election. their £100bn of extra government spend and £50bn in the pipeline will kill the economy when we have a proper downturn. neither the government or consumers will have the capacity to spend us out of it. if we have a recession like the last two, govt borrowing could top £100bn a year and all those vat and stamp duty receipts from the housing boom will dry up. but that's after the next election.....
 

Airthrey Capital

Well-known member
370 18
I also understand that in Japan they have 50 -100 year mortgages which you can pass on to your children after you are long dead and gone!,,,,What a great idea!
 

Trader333

Moderator
8,655 981
Japan has a different culture and economic setup to the UK. It is unlikely that the UK will mirror what happens in Japan in the same way. Also every attempt to predict what will happen to the UK economy is almost always wrong. A year ago people were predicting a massive slump in house prices and the onslaught of recession that was supposed to be in full swing by May. Some people even sold their houses and moved to rented accommodation based on leading experts saying this was going to happen and what did happen ? Nothing that was predicted as usual. I learned long ago that predicting markets is a waste of time and that reacting to what they do is the key.


Paul
 

tradesmart

Experienced member
1,286 22
As ever, conflicting views:-

CBS MarketWatch chief economist Irwin Kellner said that the jobs data was "disappointing all around," and puts the economic recovery at risk.
He said, however, that it meant a rate hike by the Federal Reserve was "clearly off the table."

Ian Shepherdson, chief U.S. economist at High Frequency Economics, said that while employment was "no doubt" weak in February, he thinks weather was a "very significant" factor in depressing payrolls.
"In our view, weather is key here," Shepherdson said. "In March, better weather and the end to the California strike should equal job growth of more than 200,000."

There you go, just blame the weather........ :LOL:
 

jsd

Active member
232 3
hmm but human psychology is predictable and that is what the market is mass collective psychology , understand humans and you'll know what the market will do. probably 90/95 % of people are herding beasts, look to follow the actions of their fellow crowd because of insecurities within themselves, 3/5 % are truly independent in thought and with deeper awareness of what they themselves represent to themselves, both as matter and energy.

maybe thats why only 5% make it long term in the market envirnoment, being liberated sentient forms. but i guess theres no right or wrong way of being, we just be, hmmm.
 

grubs50

Well-known member
408 0
IMHO it is a bit easier to react to the equity market than housing market cos u can't just dump ur house as soon as prices start going against u...........actions in the housing market require planning and time.
 

grubs50

Well-known member
408 0
It seems tomorrow's US weekly unemployment data is going to be very crucial............very bad numbers might mean the market drops significantly.
 

tradesmart

Experienced member
1,286 22
Generally of late the weekly jobless claims have been on stable declining pattern and have different economic connotations compared with the volatile monthly NF payroll numbers imho......

However, with the market in it's current downtrend, the slightest disappointment could hasten the decline for sure.......... :confused:
 

Rainmaker

Active member
201 3
Correct. I think the market mood has switched (inthe short term) from half-full to half-empty). Bad news has an impact and good news is being ignored.
 

grubs50

Well-known member
408 0
They need to be significantly good to jack up the market and that is very dependent on the geo-political situation esp in d middle east.
 
 
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